SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sets New 1-Year Low – Here’s What Happened

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $47.55 and last traded at $47.56, with a volume of 35157 shares. The stock had previously closed at $47.70.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Down 0.4%

The firm’s fifty day simple moving average is $47.84 and its 200 day simple moving average is $48.01.

Institutional Investors Weigh In On SPDR Nuveen ICE Short Term Municipal Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during the first quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock worth $1,020,064,000 after purchasing an additional 795,560 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,950,388 shares of the company’s stock valued at $141,589,000 after buying an additional 109,552 shares during the last quarter. Quent Long Short Global Small Cap Fund LP acquired a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter worth $85,861,000. PNC Financial Services Group Inc. raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock worth $82,843,000 after acquiring an additional 148,431 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 4.9% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,716,083 shares of the company’s stock worth $82,355,000 after acquiring an additional 80,868 shares in the last quarter. Hedge funds and other institutional investors own 99.65% of the company’s stock.

About SPDR Nuveen ICE Short Term Municipal Bond ETF

SPDR Nuveen Barclays Short Term Municipal Bond ETF (the Fund), formerly SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF, correspond generally to the price and yield performance of the Barclays Capital Managed Money Municipal Short Term Index (the Index). The Fund uses a passive management strategy designed to track the Index. The Index tracks publicly traded municipal bonds that cover the United States dollar-denominated, short-term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds.